Mon Sep 23 21:02:33 UTC 2024: ## Urbanfund Corp. Declares $0.05 Annualized Dividend
**Toronto, Sept. 23, 2024** – Urbanfund Corp. (TSX-V: UFC), a Toronto-based real estate development and operating company, announced today that its Board of Directors has declared a dividend of $0.0125 per common share and $0.0125 per Series A, first preferred share for the three-month period ended September 30, 2024. This equates to an annualized dividend of $0.05 per share.
The dividend will be payable on October 15, 2024, to shareholders of record on September 30, 2024. The Company has designated this dividend as an eligible dividend, meaning Canadian residents will benefit from an enhanced dividend tax credit.
Urbanfund also offers Dividend Reinvestment Plans (DRIPs) for holders of its common and preferred shares, allowing them to reinvest their dividends at a 5% discount to the average trading price of the common shares over the ten days preceding the dividend payment date.
Mitchell Cohen, Chief Executive Officer and President of Urbanfund, stated that the declaration and payment of future dividends will depend on the Company’s financial performance, cash needs, future prospects, and other factors deemed relevant by the Board of Directors.
Urbanfund’s assets are located in Ontario, Quebec, and Nova Scotia, with a focus on identifying and investing in real estate and related projects.
**Disclaimer:** This is a news article based on the provided text and does not include any financial advice. Readers are encouraged to consult with their own financial advisors before making any investment decisions.
First Piper 